Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Despite all of the negativity I picked up some PM today and some KMI warrants. Also picked up half of my GILD sell from 2 weeks ago.
I hope you are just starting a position in Kinder warrants. I owned them last year and sold them last year. Looked u…
"Against this backdrop, which major currencies will the USD crash?"
Many seem to believe that we are exceptional and we will be the reserve currency forever and ever. The decline in "American Exceptionalism" started years ago and has continued on, …
I know I started this whole fiasco by saying that I was looking at the Fidelity Amex 2% cashback on everything card but now I'm not so sure given a Bloomberg report that Fidelity may be dropping Amex as well. See here:
http://www.cnbc.com/2015/08/2…
I'd rather TROW than BEN, but I do agree that BEN is appealing at this point. Not really interested in buying anything new at this point, but these are fine options.
@Old_Skeet,
But most go the other direction like NFLX, TSLA, FIT and the rest of the fad momo stocks of the moment. Netflix is way way overvalued and today's action may be based on that to some extent. It's a wonder why the markets pump these stocks…
My opinion only but if this downturn extends into the Christmas shopping season, we could be looking at a full blown bear market of 6-18 months. What worked in 2008-09 may not work this time around.
If that's the case, the Fed will have some explai…
Same here Scott. It's supposedly protected from rising rates. We'll see.
They go into detail in the investor reports. Details are scattered throughout, but page 22 goes into earnings sensitivity. The other thing is this: I think a lot of people don'…
Maybe Chicago can sell the rights to their parking meters...oops, already did that and probably have long ago spent that money already.
If Illinois doesn't turn things around (and honestly, not sure how that's going to happen) and you have problems…
Make that three, no stop-loss orders for me as well. I do have a few additional wild buy orders in, IBM, LEG, MCK and PG. These represent just stodgy old companies that just continue to do what they do and hand the profits back to their shareholders…
"What if some of us believe the value of your money is in what it can promote in the world as opposed making every last possible dollar."
You know, that's great. I think there is an aspect of some healthcare companies that fascinate me and that I o…
and the more they come across as a bunch of wealthy bankers.
But they're totally looking out for the best interests of everyday Americans. Or so I've been told repeatedly.
There's a great Yellen interview at the end of a movie called "Money For N…
I haven't and don't use stop-loss orders, either. For all the people who were successful getting buy orders filled at unexpected levels, there were a lot of people who got their sell stop loss order suddenly filled at a way unexpected level before t…
Scott - At Fidelity I had a wild-ass limit order placed at $87 on the off chance a day like Monday presented itself. It actually went down to $86. Very, very surprised that it filled. Didn't want to let go of GILD but I did so to dismiss my margin b…
Well so far my sells/trades of last week have worked out fairly well. While APPL, GILD, BX and OKS are all within a buck of my sell price my buys of CELG (up $40), PAA (up$2.10) and KKR (even) are bearable. Still holding on to my cash from APPL but …
I want to thank each of you very much for your detailed and thoughtful comments. I'm always impressed reading about the strategies that each of you employ. I've got a lot to learn. Thanks in particular to Scott, Press,and Old Skeet for the discus…
Still can't seem to post the full thing I wrote out and couldn't include this in the above w/o getting an error, but just to throw a list out of the rest w/o the commentary I'd written: Vornado/Boston Properties (VNO/BXP, although I wouldn't recomme…
Michael...if you like the idea of divi payors, pay close attention to what Scott recommends for reits...in your deferred account. Always do your own research, but it's worked nicely for me. That's a nice addition to a portfolio.
Personally in regard…
No, because honestly doing anything based upon what a particular Fed governor says in a particular day is just futile. Bullard could easily say something different next month.
"As an FYI...If I had things to do over again, I would have started earlier with my income sleeve consisting of dividend paying stocks. Even holding things like JNJ, PAYX, AEP as examples for the last 5 years, I have been astounded with the power of…
There are decent cash like choices to cover short term uses without dipping into bond and equity buckets. Cash Money market short term CD are reasonable choices as others on this board have noted on another discussion.
Many 401k plans have a stab…
I sold a company called FIS the other week because I didn't like the major purchase they were making of a company called Sungard....which (as I just found out) happens to be the company whose system is the one having problems with fund pricing.
htt…
Put in a buy order to add to my current, small-ish stake in SFGIX. I've told myself I was waiting for a dip to add, and here it is... I'm putting in half of the cash I raised last week (great timing through sheer luck) by selling my stake in MPACX.
…
Bought a little of Brookfield BPY (thanks to all posters who mentioned this one) at 20 on Monday. Other than that, keeping some cash to buy widows n orphans stuff plucked from the Div Aristocrats when they swoon further. May add FBIOX to the mix, no…
"The fact is we passed the point of no return as I posted on the first page here."
That's kind of my concern in a way, too, but it's not only the erosion of a lot of qualities that used to make this country great (and I'm not pointing political fin…
"The fact is we passed the point of no return as I posted on the first page here."
That's kind of my concern (or to put it better, my "worst case scenario") in a way, too, but it's not only the erosion of a lot of qualities that used to make this c…
@Scott- I have no problems with anything that you said, above. Much better than cartoons, btw. I especially like your observation that "The whole grouping views into political parties as if everyone under a particular political party must share the …
"Whether or not the bailout was a good idea or not is another question. If we hadn't bailed out the banks we would've entered a Great Depression II and investors like Dex and many other members of this board opposed to debt would've been wiped out…
Excerpts from Wickipedia:
Paul Robin Krugman (born February 28, 1953) is an American economist, Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University, Centenary…
I guess we're now at the point where cartoons replace substantive discussion. Wow. How enlightening.
People can't talk about politics on here nor monetary policy because of the fact that they are attached to their beliefs in a manner that is unshak…
Evidence? Evidence?? Dex don't do no stinkin evidence!
Closed minds calling people idiots do tend to cause closed threads.
These monetary policy threads often go in the same direction as political threads on here.
We have goals? It wasn't clear we had any sort of plan.
You are more correct than I as far an energy plan goes.
Here's a 9 year old presentation that addresses your point.
purdue.edu/discoverypark/energy/assets/pdfs/Bowen-12-9-06-SymposiumPrese…
I thought when Cramer first mentioned it, "Gee, isn't that kind of problematic with Reg FD?" Sure enough, but they probably won't get in trouble like Hillary they'll probably either just feign ignorance and no one'll care or get a slap on the wrist.
Yes, very strange indeed. USMV is supposed to be low volatility ETF, yet it moved from about $41 on Friday's close to $27.43 in 15 mins after the open today. That's much worse than the overall market. How could a "low volatility" ETF be so much more…
Bought PG, PM and added to SO and CHSCL at the open. NGLS was compelling but opted for HQL and THQ additions.
I thought about THQ and HQL but just watched and missed the opportunity. Was a good opportunity, especially with THQ which was already trad…
